for sale in Vancouver WA (aka Apartments-to-Own) have done so well,
especially in terms of Unit-Sales-Volume, we have entered an extreme scarcity of
condos available for sale! Here are the highlights for September2015:
Like we have seen for
Single-Family Residential (SFR) Homes for sale in Vancouver WA, Condominiums and Attached-Homes have
perform very well so far in 2015. However, the demand has been so great
that the available inventory is in extremely short supply currently - at 1.5
months of available inventory!
Our Custom Condo Charts for Vancouver will help tell the story!
The units-sold chart (above) is showing the typical seasonal retreat however,
since the inventory level is so very low, we suspect there would be much less
indicated slowing if there were more condos available for sale! Is this a
trend that suggest more Condo projects need to be built in Vancouver?!
In fact we are seeing new condo or attached homes going in at places like
The Lakes Condos;
Renaissance at Hiddenbrook Townhomes;
Stoneleaf Townhomes; and
This month's Average Condo Sales-Prices are slightly contradictory showing an inability for the short-term trend line to surpass the level achieved in 2014. However, we must remember this is a relatively small market where a sale or two at the luxury end of the market can cause the price-averages to move quite a bit for any particular month/quarter. It is worth noting that the Long Term trend-line is clearly showing a "Top Formation" with the direction being in a side-ways to slightly downward direction at this time.
The set of RMLS chats below show the most recent twelve (12) months of action - through September 2015, for Unit Sales, Average & Median Prices; and Days on Market:
September's very strong performance is shown in this last trio of charts. With now 5 Months for the Median Days on Market at the sub-20 market. This is clearly a good time for a Condo Seller to put their home on the market, and a Condo buyer to be one-hundred (100%) percent prepared to make their purchase when that right condo becomes available!
We hope you found this Vancouver WA Condo Market to be informative. Please contact us with any questions or comments; and to let us know your selling or buying plans!
PS - Please visit the
Condos For Sale in Vancouver WA page at our website, where we have made it Easy to search
Neighborhood for Condos, with listings for condos from the entire
RMLS. You do not have to Sign-up to view Condos!
PPS - Don't wait any longer with your Condo Selling or Buying Plans - Call Us Soon!
The statistical charts for Vancouver WA Condos in this report (prepared by Vancouver WA Realtor® John Slocum, our resident statistician) are based on condo sales recorded in the Vancouver MLS system (RMLS), excluding sales of newly constructed condos; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average. The "smoothing" of the relatively sparse-data helps to better illustrate the short-term and longer term trends in Vancouver's Condo market.
Disclaimer: as with all real estate statistics, we do our best to provide the best representation at the time the data was acquired. We deem the data and reports reliable but not guaranteed.